Investment Company News

21 Feb 2018

3I Infrastructure Board approves payment of the proposed special dividend

3I Infrastructure Board approves payment of the proposed special dividend.  Further to the announcement made on 31 January 2018 of the Company’s intention to return surplus cash to shareholders, the Board of 3i Infrastructure (3IN LN) has approved the payment of  a special dividend of £425 million. The Company will return £425 million to shareholders by […]

20 Feb 2018

Greencoat Renewables buys Lisdowney wind farm

Greencoat Renewables buys Lisdowney wind farm – Greencoat Renewables has announced the acquisition of Lisdowney, a 9.2MW wind farm situated in County Kilkenny, for a total consideration of EUR22.5 million. Lisdowney wind farm consists of four Enercon E82 turbines. The wind farm was commissioned in November 2016 and its revenues are contracted under the REFIT […]

20 Feb 2018

Aberdeen Emerging Markets announce positive news and developments

Aberdeen Emerging Markets announce positive news and developments – Aberdeen Emerging Markets Investment Company Limited (“AEMC”) has delivered its annual report and accounts to year ending 31st October 2017. In it they reported performance for the 12 month period, as well as some significant changes. Over the year to 31 October 2017, the company’s NAV total […]

20 Feb 2018

Temple Bar says value style still holding it back

Temple Bar says value style still holding it back – Over the course of 2017, the total return on the net assets of Temple Bar was 9.7%, underperforming the total return of the All Share Index of 13.1%. Three interim dividends of 8.33p and a final dividend payment of 17.48p per share give an increase in the total dividend […]

19 Feb 2018

Riverstone Energy sells Three Rivers III

Riverstone Energy sells Three Rivers III – Riverstone Holdings LLC, the Manager of Riverstone Energy Limited, has announced that it has agreed to the sale of 100% of the assets in Three Rivers Operating Company III LLC, an Austin, Texas-based oil and gas company focused on the Permian Basin. Riverstone formed Three Rivers III in […]

19 Feb 2018

Baker Steel Resources sells Prognoz Silver Mine

Baker Steel Resources sells Prognoz Silver Mine – Baker Steel Resources Trust says that its largest investment, Polar Acquisition Limited has agreed to sell its 90% interest in Polar Silver Resources Limited to Polymetal International plc for US$72 million (to be satisfied in Polymetal shares). In January 2017, Polar sold a 10% stake in its subsidiary […]

16 Feb 2018

Athelney Trust announces final results

Athelney Trust announces final results. Athelney Trust, an investor in small companies and junior markets has announced its final results for the year ended 31 December 2017. Key highlights are an NAV total return of 16.8% (31 December 2016: 5.7%); revenue return per ordinary share of 9.6p (31 December 2016: 10p) and a final dividend […]

16 Feb 2018

Ground Rents fund reinstates its double or inflation offer

Ground Rents fund reinstates its double or inflation offer – On 21 December, the Government announced new measures in response to its leasehold market consultation. It proposed to introduce legislation to prohibit new-build leasehold houses and to set future residential ground rents to zero. It is also to consider introducing a ‘prescribed formula’ that would […]

16 Feb 2018

SEGRO announces final results

SEGRO announces final results. SEGRO, a leading owner, asset manager and developer of modern warehousing, light industrial and data centre properties, principally concentrated in London’s Western Corridor (including the Thames Valley) and in key conurbations in France, Germany and Poland, has announced its annual results for the year ended 31 December 2017. The company has […]

15 Feb 2018

JPMorgan Convertible manager exits

JPMorgan Convertible manager exits – JPMorgan Global Convertibles Income Fund Limited has announced that Antony Vallee, one of the company’s fund managers, has decided to leave J.P. Morgan Asset Management to pursue other opportunities. The existing investment management team, led by Natalia Bucci and Robin Dunmall will be augmented by the addition of Paul Levene. […]

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